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Novozymes reports “solid” 2017 results, but misses the mark in agri sector

Novozymes has announced its results for 2017, highlighting a “solid” year with 4 percent sales growth in the Organic segment, Food & Beverages experienced a 9 percent increase, but Agriculture & Feed was down 3 percent. Q4 earnings before interest and tax (EBIT) fell 4 percent to 1.02 billion DKK (US$169.85 million), missing the 1.07 billion DKK expected by analysts.

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